Real Estate Investing in Morrisonville, Illinois (62546)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62546 (Morrisonville, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Morrisonville, IL (62546)?
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Market Analysis: 62546 Morrisonville
Not every below-median market is a bargain. Morrisonville's 62546 ZIP registers signals that favor experienced operators who can absorb the risk $159K pricing implies.
The investment case in 62546 is impressive only for operators who understand what they are buying. A $159K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IL, ZIP 62546 trails on several market indicators that neighboring Christian County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Employment concentration in 62546 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 62546 is an operator game, not a passive one. On balance, entry prices of $159K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Morrisonville:
Property Strategy for 62546
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $92,953 | $920 | 7.1% | — | $46,476 |
| 3BR | $165,447 | $1,100 | 4.8% | — | $55,149 |
Market Trends
Home Value History (with trend line)
📊 How Does 62546 Compare?
| Metric | 62546 | Morrisonville | Taylorville, IL | Illinois |
|---|---|---|---|---|
| Home Value | $158,902 | $158,902 | N/A | $279,761 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 6.6% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62546 (Morrisonville, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $158,902 |
| Monthly Rent | $828 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62546
Population: 1,394
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 62546
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How viable is house hacking in Morrisonville, IL?
House hacking in Morrisonville, IL is a challenging. With home values around $159K and rents at $828/mo, owner-occupants can offset a meaningful share of PITI.
Should investors consider Morrisonville, IL?
With a 3.0/5 investability score, Morrisonville, IL ranks as a solid market for rental property investors. Median prices of $159K and rents of $828/mo drive the underlying numbers.
What kind of tenants rent in Morrisonville, IL?
Tenant quality in Morrisonville, IL ranks as solid. Landlords generally report steady occupancy at market rents of $828/mo.
What do landlords charge for rent in Morrisonville, IL?
Rent in Morrisonville, IL is around $828/mo. The resulting rent-to-value relationship with $159K pricing is reasonable for most investor models.
Are homes affordable in Morrisonville, IL?
Morrisonville, IL home values average about $159K. That price point suits investors targeting rentals with $828/mo in monthly income.
You know 62546 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62546 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 62546 ranks in Taylorville, IL
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